Forex Day Trader Review

china abuses usa on currency crimes issue again.why don't china realizes it?

Attack those you need most and attempt to imbue them with unearned guilt! We've seen this game before, Mr. Commie-Thug Dictator; or shall we call you Mr. Wen?

Chinese Premier Wen Jiaboa took to the Davos stage yesterday to attack the US and the West; it borders on comical. But sadly, the elite gathered at Davos are foolish enough to lap it up like the simpering capitalist dogs Mr. Wen believes they represent, and for the most part he is probably right.

It is too fresh that Mr. Wen attacks the system that has helped his country pull millions from poverty and allowed for the transition of the Commies to represent a new happy face to the world even though their underlying intention of complete control of everything they touch, no matter how they must cheat and steal to achieve this goal, has never changed.
This proves Chinese disrespect to world and west again.It proves enough china is only about violating human right and creating financial crisis in world.hat has changed is the degree to which the Western business elites have been duped into thinking this is a regime they can really do business with. Which goes to the rotting core of the leadership of our multinational companies and political elites in the West; again Mr. Wen exploits this well. Think of the big hedge fund investments of the former politicos who along with the first-tier Western multinationals who hold vast Chinese asset investments. It is very much in their interest to pretend dealing with China is free trade. Interesting this same crowd represents the major funding for "think" tanks that get so much press and ink in order to spout the mantra of "free trade." Lies flow from both sides - indeed.

If the dictator commie thug wasn't so busy making sure any real dissent in his own country was stifled and the proper threats to the state dealt with, maybe he and his gang would have provided more domestic choices for his own people with all their wealth gained from dealing with the system he now supposedly finds so repugnant.

My musing on a bit of Wen self-dialogue; it might go something like this:

Heck, if we create a real domestic market it might increase citizens' political power; we can't have that … well, not yet.

We just don't quite have enough internet monitoring equipment and software from Cisco, Yahoo, Microsoft, and Google (and other assorted tier-one western companies) to control 100%–but those dupes keep upgrading our ability to electronically enslave our people, so soon we can create a domestic market with Chinese "character."

But since we are not there yet, let's continue to play the export model game that has enriched us so well. You know the game: invite all the Western companies in to produce in China. We make it a quid pro quo - in order to gain access to our vast consumer market we make those greedy dupes produce here and transfer technology to us. We treat them pretty good and gain access to hundreds of billions worth of technology funded by Western shareholders. And of course we outright steal the gold teeth from all the second- and third-tier manufacturers we invite into the country. Those clowns don't have well-funded think tanks to tell their story. No, instead those think tank dupes will continue to spout the mantra of "free trade" as we steal technology and jobs and hollow out Western manufacturing to boot. Gosh this is too easy. Wen's call for global action should be seen for what it is: China has milked the export model for years (granted low cost final goods have benefited to a degree, but recycling excess reserves is what created the asset bubbles and led Mr. Consumer to over indebtedness - it was not the other way around) and it is now crashing before their eyes; they've stolen Western technology for years to boost export prowess; they have suppressed their currency for years to make its final goods even cheaper in order to keep the export machine humming; and we all know China's enrichment was built on the backs of the blue collar workers in all industrialized nations. We have allowed for the hollowing out Western manufacturing so the power elites and the heads of our multinationals can enrich themselves through China.

Currency manipulation, violation of Intellectual Property Rights and low cost labor are the backbones on which China has gained so much prosperity and they are not going to abandon this model so easily. It will require a concerted effort from the world body to make China change its stance. The problem is that the world at large is a disfragmented lot when dealing with China on this matter. It's not only US which has suffered, all nations having any trade relations are affected as they buy more from China than China buys from them.